That is the correct spelling of "loophole" (a legal technicality).
Indeed, "loophole" is spelled correctly.
The Loophole - 2012 was released on: USA: 31 December 2012
Loophole - 1954 was released on: USA: 28 March 1954
The Loophole - 2010 was released on: USA: 23 October 2010 (Indie Memphis)
Loophole - 1981 is rated/received certificates of: Australia:PG Iceland:L UK:A USA:PG
A loophole for what? It's not a legal term or anything you can be forced to do. It's just an expression.
Here is loophole used in a sentence:"When rootkit.com was compromised, the hackers discovered a loophole; the head of Internet security for the site used the same password for ALL his Web accounts, including Twitter and Facebook."
loophole
The Untouchables - 1959 Loophole - 3.6 was released on: USA: 16 November 1961
Well, you used loophole in your question, and I used it too, so I guess its possible.It only needs some creativity!
loophole
Its a thing that finds loopholes